THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON ECONOMIC AND ENVIRONMENTAL PERFORMANCE WITH THE MODERATING EFFECT OF SUSTAINABILITY-BASED INNOVATION

Anny Widiasmara, Richo Diana Aviyanti, Mayang Yekti Untari

Abstract


This study aims to analyze the effect of Corporate Social Responsibility (CSR) on economic and environmental performance, and to examine the moderating role of sustainability-based innovation in energy companies listed on the Indonesia Stock Exchange for the 2021–2024 period. This research employed a quantitative method with secondary data obtained from sustainability reports. A purposive sampling technique was used, resulting in 76 companies as the sample. Data analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA). The results showed that CSR did not significantly affect economic performance, but had a significant positive effect on environmental performance. Sustainability-based innovation was found to moderate the effect of CSR on environmental performance but did not moderate the effect of CSR on economic performance. This study emphasizes the importance of integrating CSR with sustainable innovation to support long-term business sustainability.

Keywords: Corporate Social Responsibility, economic performance, environmental performance, sustainability-based innovation


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